REGISTERED COMPANY NUMBER: 12002455 {England and W'ale5) REGISTERED CHARITY NUMBER: 1193174 REPORT OF THE TRUSTEES AND FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 FOR SPRING OF HOPE UK LIMITED P B Syddall & Co Chartered Accountants Grafton Hollsc 81 Chorley Old Road Bolton Lanca%hirc BLI 3AJ
SPRING OF HOPE UK LII¥IITED CONTENTS OF THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financial Actlvities Balance Sheet Note5 to the Financial Statements R to 11 Detsiled Statement of FiDancial Activities 12 to 13
SPIUNG OF HOPE UK LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024 The trustees who are also directors of the chariry for the purLX)ses of the Companies Act 2006, present their report with the liiunLial 5tstenients' of the Lhatity for the yw ended 31 May 2024. The ttusteeb huve ddvpted the provisions Lif Accounting and Rcporting by Charities.. Statement of Recoinmciided Practice applicable to charities prcparing their accounts in ac¢ordanLe with the Financial Repotting Standard applicable in the UK and Republic of Ireland (FRS 102) leffectii'e l Janudry 20191. OWECTIVES AND ACTIVITIES Objective5 aims The charitys purposes as set out in ihe L)bjects contained in the eornpany's articles of association are.. To advancc thc Christian faith in accordancc '1th the charity's Statcmcnt of Bclicfs within CJrcatcr Manchc%tcr and other parts of the UK or the world as the trustees think fit. To provide and assjst in the provision of facilities for the benefit of the con)munity and surrounding neighbollrhood in which the ¢hariry operates. To rclicvc sicknc8% and financial hardship and to PTomotc and prcscrvc good hcalth by thc provision of fvnds, goods and services including the provision of counselling and support. Page I
SPRING OF HOPE UK LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024 OWECTtVES AND ACTIVITIES Charitable actii'ities Aetii'itics in the UK: Carol Sin in Fandcu hts.. The charity initiated No c.arol Singing and Curry nights at two lo¢aiions.' one on Saturday 9ih December 2023 at Si. John the Evangelist Parish Cl)urch, Wilwick Lane Macclesfield Stockport, SKII 8RS and anoiher one on Sunday 10th December 2023 at the Dandelion Community Hall, Oat[Id5 Road, Wythen5hawe, Manchester M22 IAH. Over 300 pcoplc from th¢ local communiry participatcd in th¢s¢ cvcnts. Th¢ cvcnts w¢r¢ aim¢d at r¢aching thc local Community to Lome out of their loneliness and related mental issues. The Lharity had the help of volunteers to come and ts]k with the people who attended so they knew there ale people whom they can talk and Share their concern5. Sunda seice.. On 19th Ikcember 2021 the charity started a church service held every Sunday at Dandelion Conununity Hall, Oatlands Road, Wyth¢nshawc, Manchcstcr M22 IAH. There are other we£kly family get together5 at different location5 duTing the week. The charity 15 also involved in food parcel distribution with volunteer help from the members of the church. On 8th January 202J another church seTrice wa5 Started at St. John the Evangelist PaTi5h Church, Wilwick Lane, Macclcsfjcld Stockport, SKI I RRS. iese are to bring people togetheT to have a time of fellowship, singing and hearin¥ froin lesus, teaching and to feel that they belong to a caring Community. c.offee. te4 drinks and snacks are served before and after the service for people to have fellowship and share their Loncems. worries and prayer requests. Communi OnLe a nionth, during the last Sunday of the month. the charity invites the local 0p]e and provides a dimjer after the Sunday Service at a local food baiik at Dandelion Cominunity Ceiitre The Charity 15 a150 helping in tlie local food bank at the Dandelion Community Centre to mobilise the people from the ¢hur¢h to volunteer in the food bank. Activities in IThdia: The charity partners with a charity in Tndia named Global Socio Educational and Charitable Trust {GSECT}, a registered charity in India Iwww.gsect.coml. GSECT is involved in various developmental and educatiotl activities in India. Spring of Hlipe UK Limited is mainly involved in helping in rhe following areas.. Training.. The charity is partially funding the training cost of men and women at Sathya Veda Sejninary to beco]ne social workers in various activities in the remote Communities in India (ww.svsindia.org). Developing the 1nfraStcre.' The charity also partially nded re50urce5 to develop the tTaining facility at Sathya Veda Seminary which is still in progress. Shalom Project.. GSECT is involved in rehabilitating chilthen and families at Maya Puri sluin in New Delhi. The children in the slum 'ere not going to schwl. GSECT is taking initiatives in partnering '1th the local schools in sending some 100 children back to school. The parents also receive teaching and tTaining on the iinwrtance of sending children to school and healthy living habits. Kingdom Economic Enhancement Pn)je¢t (KEEPI.. GSECT has taken the initiative to help the and needy people who do not have any means of lii'elihood by giving trdining to start sinall businesses in the local coinmunity and tiiey provide a loan to meet the initial setup costs. Educational Assistance.. The charity is also helping a semi o]phan girl to complete her Bsc nursing qualification through GSECT. Public benefit The board of trnslees is satisfied wilh ihe perfornmnce of the chariiy during the year and in plamiing the actiilliiies the trustees Iiave Iiad re¥ard to the Charity ComTlli5sion's STuidance on public benefit. Page 2
SPRING OF HOPE UK LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024 FINANCIAL REVIEIV Resee5 pollev The tnistccs consider £20,(K)O to be acceptable reserves as this covers a miniinum of two years day to day nlling costs. At tl)e balance sheet date the charity had unrestricted funds of £21.480 which is in line ivith this policy. FUTURE PLANS Church Planting: The charity wishes to develop the ¢hur¢h in Manchester and Macclesfield and also start a new churches in Stoke on Trent, BldckbuTn and Keele. The chatity wisheb to enhance it5 involve]n¢nt in the community in the UK and in India r thc availabiliry of nd. STRUCTURE, GOVERNAYCE AND MANAGEMENT Governing document The Lhdtity is Luntrolled by its ¥ovetninb doLumenL a deed of trust, and LOn5titute5 il limited Lornpany, limited by guarante¢, as d¢fiJi¢d by th¢ Compani¢s Act 2006. REFERENCE AND ADMINISTRATtVE DETAILS Registered Compan), number 12002455 IEn¥liind dnd Wale5) Registered Charity number 1193174 Regfistered office 61 Plodder Lane Farn0rth Bolton BL4 OBX Trustees Pastor J Dani¢l-Sam Dr G Danam Rev D H Rigby Independent Examlner AJ Syddall M.A., F.C.A. P B Syddall & Co Charttrtd ALLOUntant Grafton Houst 8 I Chorley Old Road Bolton Lanc&shire BLI 3AJ Approved by order of the board of trustees on I l Febrnary 2025 and signed on its behalf by.. Dr G Danarn- Trustee Page 3
INDEPENDENT EXAMI.NER'S REPORT TO THE TRUSTEES OF SPRING OF HOPE UK LIMITED Independent exAminer's report to the trustees of Spring of Hope UK Limited {'the CompanTr') I report to the Llidiity trustees my examination of the clo11nt uf the CoTllpdliy for the ye1 ended 31 May 2024. Responslbllltles and basls of report As the charity's trustees of the Company land also its directors for the puOseS of company law) you are responsible for thc prcparation of thc accounts in accordancc '1th thc rcquiremcnts i)f thc Cnmpanic% Act 2(X)61'ihc 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2tM)6 Act and are eligible for independent exainination, I report in respect of my examination of your ¢haritls accoiints as carried out under Section 145 of the Charities Aci 2011 I'the 2011 Act'l. In carying out my examination I have lollowed il)e Directions given by the Charity Coinmis5ion under Section 145151 (b) of the 2011 Act. Independent eydminer's statement I hawc complctcd my cxainination. I confirm that no mattcrs havc comc to my attcntion in conncction with thc examination giving me cause to believe.. accounting records 'ere not kept in respect of the Company as required by Section 386 of the 2(K16 Act; or the accounts do not accord with those re¢L)rds', or the accounts do not coinply with the accounting requirements of Section 396 of the 2(K)6 Act other than kmy requircmcnt that thc accounts givc a trnc and fair vicw which is not a Tnattcr considcrcd as part of an indcpcndcnt examination,. or the dCCOUnts hdve not been PTepaTed in iKCordct with the methods and ptinciples uf the Statement ot. Recoinmended Practice for accounting and reporting by charities (applicable to cliarities preparing their accounts in accordance with the Financial Reporting Standard appli¢able in ihe UK and Republic of Treland IFRS 102)). I havc no conCCrn and havc COTnc acro%s no othcr rnattcr% in conncction with thc cxamination to which attcntion should be drawn in this repon in order to enable a proper understanding of the accounts to be Ched. A J Svddall M.A.. F.C.A. The Institute of Chartered Accountants in England at)d Wales P B Syddall & Co Chartered ALLOUntants Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3AJ I l FtbrLry 2025 Page 4
SPIUNG OF HOPE UK LII¥IITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOMF. AND F.XPF.NDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2024 2024 Vnrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 90,204 70,018 Investment income 62 Total 90,266 70,022 EXPENDITURE ON Charitable activities Charithble 90.6.16 65.138 NET INCOTr¥lEI(EXPENDITURE) (370) 4,884 RECONCILL4TION OF FUNDS Total funds brought forward 21.850 16.966 TOTAL FUNDS CARRIED FORWARD 21,480 21,850 The notes forni part of these financial statentS Page 5
SPRING OF HOPE UK LIMITED BALANCE SHEET 31 MAY 1024 2024 Unrestrieted fund 2023 Total nds Notes FIXED ASSETS Tanbwible assets 1,488 1.020 CURRENT ASSETS Cash at bank 20,953 21,310 CREDITORS Amounts falling due within one year (961) (480) NET CURRENT ASSETS 19,992 20,8iO TOTAL ASSETS LESS CURRENT LIABILJTJES 21,480 21.850 NET ASSETS 21,480 21,850 FUNDS Unrestricted funds 21,480 21,850 TOTAL FUNDS 21,480 21,850 The charitable company is entitled to exemption from audit under Section 477 of tl)e Companies Act 2006 for tl)e year ellded 31 May 2024. The membets have not requiied the company to obtain an audit Of its financial statements foi the year ended 31 May 2024 in accordance with Section 476 of the Coinpanies Act 2(X)6. The trustees acknowledge their reswnsibilities lor ensuTing that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing liirdiicial btatements which give a true fair view of the State of affaiTS of the Lhatitable Lompany as at the end of each financial yeaT and of its SUryli or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and whi¥h orhenvise comply ivith the requirements of the C,ompanies Act 2006 relating to financial statenients, so far as applicable to the charitable con)pany. (b) The notes forni part of these financial stateiknents Page 6 continued...
SPIUNG OF HOPE UK LII¥IITED BALANCE SHEET- Lontinued 31 MAY 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to ihe srnall companies regime. The financial statcments were approved by the Board of Trustee5 and aiithorised for issue on I l February 2025 and were signed on irs behalf by: G Danam- Trustee J Daniel-sam - Trustee D H Rigby- Trustee The notes forni part of these financial statentS Page 7
SPRING OF HOPE UK LII¥IITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 STATUTORY INFOMRATION Spring of Hope UK Limited is a registered charity and a private company, limited by guarantee, registered in England and Wale8. Thc charitablc cnrnpany's rcgistcrcd nllmbcr% and rcgi%tcrcd nlTJcc addrcs% can bc found in the Repx)rt ol-the Trustees.. The pwsentstion CenCY of the financial statements is the Pound Sterling (£). ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The fJnan¢ial statements of the charitable ¢ompanJ', whieh is a public benefit entity under FRS 102, have been prepared in accordance with il)e Charits"es SORP {FRS 1021 'Accountiiig and Rewrting by Cl)arities". Sratemeni of Recoinmei)ded Practice applicable to chaTities preparing their account5 in accordance with the Financial Rcporting Standard applicabl¢ in th¢ UK and Rcpiiblic of Trcland IFRS 102) {¢ffccti¢ l January 20191,, FinanLial Reporting Standard 102 'The Fitmncial Reporting Standard applicable in the UK and RepubliL of Ireland. and the Coinpanies Act 2006. The financial statements have be£n prepaiEd under the historical cost convention. INCOME All in¢ome is recognised in the Statement of Financial Activities once the charity has enritlement to the funds, it is probable that the iiiLunie will be received and the Hinount be measured reliably. EXPENDITURE Liabilities are recogni5ed as expenditure as 500n as there 15 a legal or constructiye obligation committing the chariry to that ¢xp¢ndirnir¢, it is probablc that a transf¢r of wonomic b¢n¢fits ivill bc rcqiiircd in scttl¢m¢nt and the amtsunt of the obligation can be measuied reliably. Expenditure is accounted for on an accruals basis and has be£n classified under headin¥s that aggregate all c05t related to the catebTOry. Wliere c05t5 cat]not be directly attributed to particular headings Ihey have been allocated to activities on a basis ¢onsistent with the use of resources. TANGIBLE FIXED ASSETS DtpreLiatiun ib provided at the following dnnual rutes in order to WTite off eaLh asset over itb estimdted ubeful life. Office equipment 20% 01) cost TAXATION The charity 15 exempt frotn corporation tax on its charitable activities. FUND ACCOUNTING Unrestsicted funds can be u%ed in accordance with the charitable objectives at the discretion of the trustees. RtstsiLted funds Lan only be used toi particul rebtriLted putpuses within the vbjeLtb vf the Lhatity. Re5triLtiVn5 arise when specified by the donor or when ndS are raised for particular restricted pllTroses. GOING CONCERN At the time of aPprO.ing the aceounts the trustees have a reasonable expe¢tation that the charity has adequate resources to continue in operational exisience for the foreseeable luture. Thus. the trustees continue to adopt the ToillbT concern basis of accountlllbT in preparinbi the account5. Page 8 ¢ontinued...
SPIUNG OF HOPE UK LII¥IITED NOTES TO THE FINANCIAL STATEMENTS- coDtinued FOR THE YEAR ENDED 31 MAY 2024 INVESTMENT INCOME 2024 2023 Ikposit account interest 62 NET INCOMEI(EXPENDITURE) Net incomel{expendituiel is stated after Chai¥inllreditin¥)'. 2024 2023 Independent examination Deprcciation- owned assets Other operating leases 960 419 3,105 340 3.045 TRUSTEES, REMUNEIUTION AND BENEFITS Theie were no trustees, remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023. TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2021. TANGIBLE FIXED ASSETS Office equipment COST At l Junc 2023 Addition5 1,700 887 At 31 May 2024 2,587 DEPRF.CIATION At l June 2023 Charge for year 419 At 31 May 2024 1,099 NET BOOK VALUE At 31 May 2024 1,488 At 31 May 2023 1,020 Page 9 ¢ontinued...
SPRING OF HOPE UK LII¥IITED NOTES TO THE FINANCIAL STATEMENTS- coDtinued FOR THE YEAR ENDED 31 MAY 2024 CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 2024 2023 Trade Lreditopi Accruals and defeed income 481 480 961 480 MOVEMENT IN FUNDS Net movement in funds At 31.5.24 At 1.6.23 Lnrestricted funds General fund 21,850 {370) 21,480 TOTAL Fuf4DS 21,850 (370) 21,480 Net movement in tunds. included in the above are as follows.. Jneoming resources Rcsourcc expended Movcmcnt in funds LTnrestricted fund5 General fund 90.266 {90,636) (370} TOTAL FUNDS 90,266 {90,636) (370} Comparatives for movement in funds Nei ovement in funds At 31.5.23 At 1.6.22 Lnrestricted funds General fund 16,966 4,884 21,850 TOTAL FUNDS 16,966 4,884 21.850 Pagelo ¢ontinued...
SPRING OF HOPE UK LII¥IITED NOTES TO THE FINANCIAL STATEMENTS- coDtinued FOR THE YEAR ENDED 31 MAY 2024 MOVEMENT IN FUNDS-continued Comparative net movernent in fids, included in the above are as follows.. InLoming resources Resources expended Movement in funds Lnrestrleted funds General fund 70,022 165,138) 4,884 TOTAL FUNDS 70,022 165,138) 4.884 RELATED PARTY DISCLOSURES During thc ycar thc charity paid £379 12023 £5451 to Danicl Sam Limitcd, a company in which Mr CJ E Daniel-sam, son of trustee Pastor J Daniel-sam. is the sole director. The charges were paid in respect of bookkeeping services and the provision of a virtual office. The charity has donated £58,0(X) to GoodNews Aid a UK charity in which trustee Dr G Danam is materially interested in ab ITUbtee. During the year to 31 March 2024 GoodNe.8 Aid made donations totalling £46,000 to a partner charity. Global Socio-EducatlOlldl and chtable Trust {GSECT), d iegisleied chanty in Tiidia. Trustee Dr G D(arn is the director of Sathya Veda Seminary the trdining centre of GSECT. Page 11
SPIUNG OF HOPE UK LII¥IITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legaeies Donations Gift aid 74,435 15,769 70,018 90,204 70.018 Investment income Deposit account interest 62 Total ineoming resources 90,266 70.022 EXPENDITURE Charitable activities Wag¢s Pen510115 c.hurch rent Office and adininistration expenses Insurance Telephone Postag¢ and stationcry Advertisin Sundries Ministy bTifts Overseas gifts Church event5 Outreach expenses IT 11]tenance Travel and subsistence Sub5CriPtion5 A¢counlancy and legal expenses ReP][S and Tnaintenance Youth and children's work Raising funds Sound equipment and worship expenses 850 io 3,045 45 246 432 310 106 182 700 54,312 1,492 173 173 1,896 50 545 .3,105 57 236 276 22 386 69,400 9,811 1,737 86 165 2,344 219 379 92 67 250 456 134 89,0118 @1,701 Support e05t5 FinanLe Bank charges Office equipment depreciation 169 419 97 340 588 437 This page does not forni part of the statutory fjnancial statements Page 12
SPIUNG OF HOPE UK LII¥IITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024 2024 2023 Flnance Governance costs Independent examination 960 Total resources expended 90,636 65,138 Net {expenditure)lincome (370) 4,884 This page does not forni part of the statutory fjnancial statements Page 13